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3 ways to prepare for retirementVideo

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Player Id: bb60d070-b695-4c55-9162-a421ad370a53

Video ADA Text: 3 ways to prepare for retirement video

Transcript Browser Title: 3 ways to prepare for retirement

Description: Planning for retirement might seem overwhelming, but there are ways to help set yourself up for a successful future. Keep reading for tips on how to prepare for retirement.

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Video Id: 6338739630112

Audio Description Video Id: 6338737845112

Length (seconds): 80

Transcript: <h2>Side Note:</h2> <p>Background music plays.</p> <h2>Text On Screen:</h2> <p>This video opens with a title: 'Ask a Money Mentor.'</p> <h2>On screen logo:</h2> <p>A J.P. Morgan Wealth Management logo appears.<strong></strong></p> <h2>On Screen:</h2> <p>Images of a dark-haired advisor in a gray blouse appear as she interviews and laughs in a studio office.</p> <h2>Side Note:</h2> <p>A bold disclaimer in a text box reads:</p> <h2>Text On Screen:</h2> <ul> <li><strong>INVESTMENT AND INSURANCE PRODUCTS:</strong></li> <li><strong>NOT A DEPOSIT</strong></li> <li><strong>NOT FDIC INSURED</strong></li> <li><strong>NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY</strong></li> <li><strong>NO BANK GUARANTEE</strong></li> <li><strong>MAY LOSE VALUE</strong></li> </ul> <h2>On Screen:</h2> <p>A question appears over white:</p> <h2>Narrator:</h2> <p>How should I start saving for my retirement goal?</p> <h2>On Screen:</h2> <p>The advisor speaks to the camera as text appears:</p> <h2>Text On Screen:</h2> <p>Nancy Sanchez, Advisor, J.P. Morgan Wealth Management.</p> <h2>Nancy Sanchez:</h2> <p>Consider contributing to your retirement accounts as soon as you can. First, check if your employer offers a 401(k). See if your plan has a match, meaning your employer will match your contributions up to a certain amount.</p> <h2>On Screen:</h2> <p>Animated graphics illustrate her talking points. Three bills appear under 'Employee Contribution,' then under 'Employer Contribution.' Both sets of bills drop into a folder labeled '401(k).' Now back to Nancy:</p> <h2>Nancy Sanchez:</h2> <p>If your employer offers a 401(k) with a match, contributing enough to get the entire match will avoid leaving money on the table. Tax-advantage Roth and Traditional IRAs may also be good options. So, how much will you need in retirement? A rule of thumb is about 80% of your current gross income.</p> <h2>Side Note:</h2> <p>Text highlights her talking points, and a disclaimer reads:</p> <h2>Text On Screen:</h2> <p>Hypothetical examples do not reflect the performance of any specific vehicle or strategy and is based solely on the hypothetical illustration and assumptions cited. Hypothetical examples are not intended to serve as a projection of any result.</p> <h2>Nancy Sanchez:</h2> <p>So if you currently live on $100,000 per year, you may want to save up enough to meet a goal of $80,000 per year in retirement. Reading up on things like compounding and balanced portfolios can help explain how you can reach your goals. This should motivate you to go back to my first tip: to get started as soon as you can.</p> <h2>On Screen:</h2> <p>A titled list appears over gray:</p> <h2>Text On Screen:</h2> <p>How To Save For Your Retirement Goal.</p> <ol> <li>Consider investing for retirement as soon as you can.</li> <li>80% of your current income in retirement is a rule of thumb.</li> <li>Compound interest and a balanced portfolio may help you reach your goals.</li> </ol> <h2>On Screen:</h2> <p>The video closes with a logo over white:</p> <h2>On Screen:</h2> <p>J.P. Morgan Wealth Management logo.</p> <h2>Side Note:</h2> <p>Disclosures appear in bold:</p> <h2>Text On Screen:</h2> <p><strong>Investing in securities involves market risk, including possible loss of principal, and there is no guarantee that investment objectives will be achieved. Outlooks and past performance is not a guarantee of future results.</strong></p> <h2>Side note:</h2> <p>Text continues in bold:</p> <h2>Text On Screen:</h2> <p><strong>JPMorgan Chase &amp; Co., its affiliates, and employees do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for tax, legal and accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any financial transactions.</strong></p> <h2>Side Note:</h2> <p>Text continues in regular:</p> <h2>Text On Screen:</h2> <p>J.P. Morgan Wealth Management is a business of JPMorgan Chase &amp; Co., which offers investment products and services through <strong>J.P. Morgan Securities LLC </strong>(JPMS), a registered broker-dealer and investment adviser, member FINRA and SIPC. JPMS and JPMorgan Chase Bank, N.A. (JPMCB) are affiliated companies under the common control of JPMorgan Chase &amp; Co.</p>

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